Companies that want to be mobile and expand quickly may find that flex spaces are extremely beneficial to them. Most of the benefits that arise come from its flexibility in comparison to a conventional office lease, as the name of the arrangement suggests. A few compelling arguments to consider a Flex space are as follows:

Lower Upfront Costs

Your company’s bottom line will take an immediate hit as a result of the one-time costs associated with establishing a new (traditional) corporate space. There is the expense of the furniture, the cost of the design, and the renovations, to name a few examples; in addition, one must not forget the significant amount of time that is spent on each of these projects. The only significant cost that you’ll be responsible for bearing with flex space is the rent, which, depending on the market, is typically much lower than the rent for a conventional office.

Shorter Lease Terms

When things don’t go as planned for your company, having a lease term that is shorter gives you more room to maneuver (re: the past two years). Nobody wants to shell out money for a vacant office that they have to pay for. Because these lease terms range from one to three years in length, you are less obligated to remain in a location that is no longer serving your needs.

Better Employee Satisfaction

Working from home is not something that everyone enjoys doing. Your team will feel more connected to the community when they work in a Flex space, both with their fellow employees and, in the case of a co-working space or a space that is shared with another company, with those from other businesses as well. The coworking space encourages the development of professional relationships and the exchange of ideas. This could take the form of organizing a joint happy hour with a business located nearby or coming up with an idea for a collaboration that you never would have thought of if you hadn’t been colocated.

Enhanced Growth Potential

When you make the switch to a flexible workspace, you give your company the ability to expand (or contract), depending on the needs of the current situation. If the number of employees you have is growing faster than your space can accommodate, you can easily expand your real estate footprint by moving into a Flex space. On the other hand, if you decide to permit some teams to work from home, you can take advantage of a Flex space, which will allow you to quickly find a smaller location.

If you would like to learn more about Flex Space, please call 281-727-0497 or send us a message online by clicking CONTACT.